USDA Mortgages 100% Financing- Fixed Rate

VA Mortgages 100% Financing- Fixed Rate

No down payment requirement

Up front funding fee required in most cases/ No monthly MI required

Special underwriting guidelines apply

Fix Rate Loan available

Adjustable-Rate Mortgages (ARM)

Loans that are amortized at a specific rate for a shorter period of time of 1, 2, 3, 5, 7 or 10 years and become adjustable after that term. Most ARMs have caps in which they cannot exceed. ARMs generally have lower rates than the average fixed rate, and are recommended for first-time homebuyers.